Whats Happening in the Market Place - December 2009

The availability of properties available for sale through all price brackets remains tight especially with townhouses and homes to $500,000. The reduction in the first homebuyers grant as of 30 Septembers has not diminished the number of buyers looking to enter into the market and combined with increasing numbers of investors both local and interstate looking to purchase has continued the upward pressure on prices. Recent interest rate rises an indication of further increases later this year and early next year seem to have already been featured into the calculation of many investors to whom we have recently been selling properties.

We are also seeing many owner/occupiers undertaking extensive renovations on their properties especially in home unit developments that were constructed in the 1970’s and 1980’s.

These properties that have been fully renovated are selling for exceptional prices as many buyers do not want to undertake renovations and are prepared to pay for someone else’s hard work and ideas.

New units and townhouse development off the plan sales continue to remain strong with many of these developments being pre-sold prior to constructions even commencing.

If you would like further information on the current market or an obligation free market appraisal of your property please contact on of the friendly, experienced sales team on 6297 5555 or 6240 2888 or 6283 5555.

RECENT SALES
1 bedrooms
10 Waniassa Street $145,000
30 Trinculo Place $175,000
124 Henderson Roa $145,000
85 Morton Street $189,500
10 McQuoid Street $149,950

2 bedrooms
48 Trinculo Place $245,000
28 Richard Ave $225,000
76 Tharwa Rd $249,950
36 Crawford St $335,950

Townhouses
63 McQuoid Street $275,000
31 Dora Street $420,000
41 Carinya Streeet $440,000
3 Moore Street $475,000
11 Cassidy Street $390,000

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